Trade war

    • US adds dozens of Chinese firms to trade blacklist

      US adds dozens of Chinese firms to trade blacklist

      The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China’s military. The actions follow the same blueprint used by Washington in its attempt to limit the influence of Huawei Technologies Co Ltd for what it says are national security reasons.

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    • Europe squeezed between China and America

      Europe squeezed between China and America

      If handling the coronavirus crisis was not enough for Europeans to be getting on with, another tremendous challenge awaits: the threat of economic coercion from both the US and China, as competition between the two great powers escalates. Europe has recently strengthened its instruments of control over strategic investments coming from outside the EU, but it will now also need to build its resilience to direct threats and collateral effects from the US-China rivalry.

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    • US tried to block Dutch firm's chip machine sale to China

      US tried to block Dutch firm's chip machine sale to China

      The Trump administration mounted an extensive campaign to block the sale of Dutch chip manufacturing technology to China, with Secretary of State Mike Pompeo lobbying the Netherlands government and White House officials sharing a classified intelligence report with the country’s Prime Minister, people familiar with the effort told Reuters.

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    • China to ditch all foreign software and hardware by 2022

      China to ditch all foreign software and hardware by 2022

      China has reportedly ordered all foreign PC hardware and operating systems to be replaced in the next three years, intensifying an ongoing tech war. The country has attempted this sort of thing before halfheartedly, but this is the most serious effort yet to isolate itself from the influence of the western technology sector.

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    • US, China 'close' on some parts of trade deal

      US, China 'close' on some parts of trade deal

      The US and China are reportedly “close to finalising” the first phase of a trade agreement after high-level officials spoke over the phone Friday, the US Trade Representative’s office announced. If successful, the first phase of the deal would postpone an upcoming increase of tariffs on Chinese goods in exchange for Beijing drastically increasing imports of American crops.

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    • US suspends tariff hike, as phase one of China trade deal reached

      US suspends tariff hike, as phase one of China trade deal reached

      US and Chinese trade negotiators on Friday reached agreement on some of the key US demands, including intellectual property and financial services, producing what US President Donald Trump called phase one of a "substantial deal”, news wires reported. In exchange the US agreed to postpone a tariffs increase from 25% to 30%, set to take effect on Tuesday on billions of dollars of imported Chinese goods.

      460
    • US adds eight Chinese firms to trade blacklist

      US adds eight Chinese firms to trade blacklist

      The US government widened its trade blacklist to include some of China’s top artificial intelligence startups, ratcheting up tensions ahead of high-level trade talks in Washington this week. The decision, which drew a sharp rebuke from Beijing, targets 20 Chinese public security bureaus and eight companies including video surveillance firm Hikvision, as well as leaders in facial recognition technology SenseTime Group Ltd and Megvii Technology Ltd.

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    • Washington slaps fresh tariffs on the EU

      Washington slaps fresh tariffs on the EU

      The US will hit the European Union with fresh tariff on $7.5bn worth of goods, starting 18 October, news wires reported. The move follows a ruling by the World Trade Organization (WTO) which allowed Washington to impose duties on the bloc in retaliation for its subsidies to aircraft maker Airbus. The annual sum is the largest so-called countermeasure that the Geneva-based trade body has ever granted in a trade dispute.

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    • Airbus CEO warns of aviation trade war danger

      Airbus CEO warns of aviation trade war danger

      An escalating battle over aircraft subsidies between the US and the European Union threatens to damage both sides, said Airbus SE Chief Executive Officer Guillaume Faury. He will thus continue to advocate for a settlement between the two sides before the imposition of tariffs becomes a "lose-lose game" for both of them.

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